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19 July, 2018 4:18 PM Air India needs Rs 2,121 crore for employee salary payouts

Air India has requested the government to release funds to the tune of Rs 2,121 crore for salary payouts of its employees. "Air India was made to buy planes worth Rs 50,000 crore (in 2005-06) and once that expenses were put on us we were assured equity infusion. Now with AI not getting sold off, the infusion must restart. The airline has to pay annual 66

19 July, 2018 2:16 PM BIF sets up 5G committee; 5G trials on public safety, mfg & IoT in offing

Broadband India Forum (BIF) today said it has set up a '5G committee' to push the momentum on the rollout of 5G trials with key industry players, and help covert the 5G-linked policy goals to business-friendly implementation. A statement by BIF also claimed that 5G trials will be initiated by Nokia for public safety, Sterlite for manufacturing and Aeris 29

19 July, 2018 11:10 AM Exploring opportunities to work with local govt, communities in Australia: Ola

Bengaluru-based ride hailing app Ola today said it is exploring opportunities with local governments and communities in Australia to invest in smarter transport infrastructure. The company, which launched its services in Australia in February this year, said it has facilitated over 1.5 million rides and onboarded more than 40,000 driver-partners within 35

19 July, 2018 8:45 AM Hindalco tanks 8% on buzz of Aleris acquisition worth $2.5 billion

Shares of Hindalco lost around 8 percent on Thursday afternoon after reports emerged that it is likely to acquire Aleris for USD 2.5 billion. According to sources to CNBC-TV18, the company and its Canadian arm, Novelis, is in process of raising debt for the said deal. Investors may have taken note of this point as the firm already has a consolidated 68

19 July, 2018 8:00 AM Vivo Nex, Oppo Find X: Revolutionary Phones or Overpriced Prototypes?

We talk about two smartphones on the bleeding edge of technology: Vivo Nex and Oppo Find X as reviewers Ankit Chawla and Shobhit Varma join host Pranay Parab on this episode of Orbital, our weekly technology podcast. Vivo Nex and Oppo Find X are two smartphones with many things in common. Both are in the premium segment, feature a pop-up camera, and a near bezel-free 50

19 July, 2018 6:20 AM DoT Receives 40-50 Million Consumer Complaints Annually: Sundararajan

The Department of Telecommunications (DoT) receives 40-50 million complaints a year, DoT Secretary Aruna Sundararajan said here on Wednesday. Speaking at a seminar organised by CUTS International, Sundararajan emphasised on the need for a "strong consumer movement and consumer activists" in the telecom sector. A legal backing should be availble for the consumers 35

18 July, 2018 3:55 PM EPFO invested nearly Rs 50K cr in ETFs till June 30: Govt

Retirement fund body EPFO has invested Rs 48,946 crore in exchange-traded funds (ETFs) till June 30, 2018, parliament was informed today. The Employees' Provident Fund Organisation (EPFO) is investing in ETFs based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 indices. The body does not invest in shares and equities of individual 54

18 July, 2018 12:18 PM Cuba citizens welcome 3G as the world moves towards 5G technology on phones

Cuban President Miguel Diaz-Canel said the project will boost the economy and that the country's five million mobile phone users will be able to enjoy internet on their devices by the end of the year In a bid to provide nationwide internet services to everyone, Cuba has finally started providing internet on mobile phones. Journalists, of state-run news outlets 42

18 July, 2018 10:47 AM Instagram Testing Non-SMS, Two-Factor Authentication System

Facebook-owned Instagram is working on a non-SMS, two-factor authentication system that would work with security apps like Google Authenticator and generate a special login code in case of theft or hacking. "We're continuing to improve the security of Instagram accounts, including strengthening 2-factor authentication," TechCrunch quoted an Instagram 40

18 July, 2018 10:11 AM NIIT Tech Q1 revenue rises 4.6% sequentially, Operating profit fell 7.8%

NIIT Technologies said revenue for the quarter grew 4.6 percent sequentially to Rs 824.9 crore helped by strong growth in three of its largest verticals. “This strong performance came on the back of growth across all three of our major verticals," said Sudhir Singh, Chief Executive Officer, NIIT Technologies. The revenue in its insurance vertical 37